Complete the statement by filling in the correct terms. refers to cross-checking the transactions you logged in your checkbook register with your 1. a. balancing a bank account b. reconciling a bank account c. maintaining a bank account 2. a. credit card statement b. bank statement c. passbook

Reconciling a bank account refers to cross-checking the transactions you logged in your checkbook register with your bank statement.

When you reconcile your bank account, you are making sure that the numbers you have recorded based on the transactions match those that have been in and out of your account. If the numbers do not match, then there was a missed transaction. By doing this, you can make sure nothing is missed and the money you've spent was spent accurately and was sent to the right bills.

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